Tidal power developer Nova Innovation has received a £265,000 grant from the Coastal Communities Fund.

The cash will support four jobs in North Wales over the next three years.

Nova is developing two tidal energy projects in Wales: one at the Bardsey Sound on the Llyn peninsula, where the company is working closely with community group YnNi Llŷn, and the other at the Morlais demonstration zone off Anglesey.

Car maker Nissan has sold its battery business to private investment fund GSR Capital.

The sale includes facilities in Sunderland, Japan and the United States.

Sonny Wu, Chairman of GSR Capital, said: “We plan to further invest in research and development, expand existing production capacity in the US, UK and Japan, and also establish new facilities in China and Europe, enabling us to better serve customers around the world.”

Italian energy company Enel has bought Nasdaq-listed demand response and energy intelligence software company Enernoc for more than $300 million (£232m).

Tim Healy, Chairman and Chief Executive of Enernoc, said: “In combining forces with Enel, we look forward to accelerating the growth of our core businesses and to delivering ever more value to our customers as we lead the transition to a more sustainable, distributed energy future.”

Enel has more than 65 million customers in over 30 countries and manages power capacity of around 85GW.